Recent Stunning Gold Plunge vs 1970s & What To Expect Next
April 17, 2013
Today top Citi analyst Tom Fitzpatrick’s team sent King World News two tremendous gold charts and important commentary comparing the recent plunge in gold to what was seen in the 1970s. KWN is pleased to share this information with with our global readers as well as what they expect next. Below is what top Citi analyst Fitzpatrick’s team had to say in their latest report, along with 2 powerful charts.
Fitzpatrick’s Team: “While we remain structurally bullish gold in the medium-term, there is no doubt that the price action of recent days has to be of concern. While we do not believe this is a ‘trend change,’ we need to respect the breaks seen and what they could suggest near-term.
There is a danger that even lower levels on gold than those seen in recent days could materialize in the days/weeks ahead.